Infamous penny-stockbroker Jordan Belfort, better known as the Wolf of Wall Street, has reaffirmed his claim that initial coin offerings (ICOs) are the biggest scam ever. Earlier this year, he claimed that Bitcoin is a fraud.
ICOs have become popular to investors worldwide over the past year due to their high returns for early investors. Recently, signs have emerged that some ICOs might just be too good to be true.
Not all ICO are scam. In fact, lot of ICO investors and participants are already earning in which I'm one of them. But we still to be honest and admit that there are lot of ICO's are not legit that is why we need to support bitcoin and digital currencies regulation policy so that the government could now control and determine the scam ICO so that they could not participate in any investments. About bitcoin is a scam, we already knew and already proven that bitcoin is not a scam but the ICO and the sites that using bitcoin for investment in which some are HYIP and Ponzi scheme.